we had katrina. we'll have things that will disrupt the economy. 9/11 was an extraordinary case. we have a i havery resilient economy. the fact that they can't get along for the month of january is not going to torpedo the economy. >> reporter: and, fredricka, i also talked to him about that meeting that the president had today with ceos from american businesses and, look, he told me, i think the president needs to take a very hard line in this second term when domes to these negotiations over the fiscal cliff and over taxes. >> and, in fact, as we talk about taxes, you know, buffett is known for supporting higher taxes for wealthy people, just like himself. you asked him some very tough specific questions about what he thinks wealthy people should pay. what did he say? >> reporter: you know, i'm having a hard time hearing you -- you know, i asked him point blank for some specifics on especially capital gains taxes when it comes to investments and the -- on the profit from investments. we wanted specifics from him and here's what he said. are you saying there is no taxation level